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Washington DC, USA; August 4, 2016 -- The Young African Leaders Initiative (YALI), an initiative launched by H.E. Barack Obama, President of the United States of America aims to support young African leaders as they pursue growth and prosperity, strengthen democratic governance and enhance peace and security in Africa.

International remittances has become a major source of foreign currencies for most of African countries and have been found to be more stable and dependable than other forms of foreign currency inflows such as Foreign Direct Investment (FDI) and Overseas Development Aid (ODA). In 2015, African economies received - both from overseas and Intra-African corridors – officially recorded remittances amounting to US$ 66 billion.

The African Institute for Remittances (AIR) on 12 August 2016 concluded in Harare, Zimbabwe, a three-day Consultative and Stock-Taking workshop with African Central Banks, partners and other stakeholders on Remittances in the African Union Member States.

Addis Ababa, Ethiopia 12th August 2016: The African Union Commission hosted the International Youth Day celebrations under the theme, “Youth Leading Sustainability towards the Realization of Agenda 2063.” The celebrations were organized by the Human Resource Science and Technology’s Youth Division in collaboration with Beza International. The celebrations were preceded by a two day Young African Thinkers Convention which brought together young people from all the five regions of Africa, including the Diaspora.